Results 17,761-17,780 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: So, in essence, the final agreement outside of the fact that it included Anglo and Irish Nationwide and that it included lower tier 2 subordinated debt, in substance was it the guarantee that AIB and Bank of Ireland requested?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: But in substance was it-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: : Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Are you required as a bank ... were you required to file in any shape or form that the bank was solvent at any time in terms of Stock Exchange reporting or other requirements?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: So therefore why were you unwilling to allow ... sorry ... Well then, what was your objection to the element being put into the statement that the system was solvent and that all banks were solvent? If a guarantee was being put in place and you were filing on various occasions that the bank was solvent and you claim, and you make a statement here, that AIB was solvent on the night, why, by...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: And finally, when you were leaving, the last meeting you had, what time was it at? And at that time, were you given the impression by Government ... or who were you given an impression by that it would involve four banks with the outline of the type of guarantee that was put in place?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: What time was that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: What time did you go home at?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Thank you, Chairman. Mr. Duffy, can I just ... what have AIB learned from the crisis in terms of the banking model and in terms of their behaviour with customers?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: And how do you reconcile that with the view amongst many of the general public that banks will revert to being banks and that, effectively, that people got into large mortgage arrears, with mortgages in some cases they feel they should probably have not been extended by the bank? How do you get to that point where people will have faith in the way banks operate, when banks are now beginning...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Yes, your view on that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: And in terms of ... you've spoken about governance, are there any set of circumstances where the crisis that happened in terms of the Irish taxpayer picking up €64 billion for the banking system, that we could find ourselves in that position again into the future?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: And going back, we'll say, over the years where you had this rapid growth in loans with property loans with AIB in construction, between '04 and, we'll say, '08, where it went from being, as a percentage of the loan book overall, from being 25% in '04 up to 37% in '08, what do you regard as a sustainable level of a property and construction being as a percentage of the overall loan book? I...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: I'll put it this way to you. I suppose the point is, do you view that the level of the percentage of the loan book being property and construction being at 25%, '04, rising to 37% in '08, was too big of a risk factor?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: But you're a professional banker-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Have ye put ... in terms of looking at your business model into the future or currently, you must have put a benchmark level at which the percentage of the entire loan book that property and construction can take.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: And what ... are we talking single digit figures, are we talking-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Can I talk about, because ultimately we are here, in terms with AIB, the fact that there's over €20 billion of taxpayers' money has gone into AIB to save that bank; where do you see the ... into the future, the date deadlines in terms of the taxpayer getting back, or the Irish citizen getting back, the €20 billion plus they've put into AIB? Over what timeframe do you see that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Is the bank in ... in terms of the financial well-being of the bank at the moment. What's generated the perceptions of the markets in terms of ... the type time of timescale that would ... is AIB in the position at the moment financially that ... you could do a large flotation on the market?